Economic expert bursts President Biden’s bubble as he responds to the president’s claim that he is responsible for creating record job growth.
President Biden has been claiming that his administration has created more jobs than any previous administration.
In a statement he released last week, he claimed that he is responsible for creating 6.4 million jobs in 2021
“We added 6.4 million jobs last year. That’s the most jobs in any calendar year by any president in history. How? The American Rescue Plan got the economy off its back and humming again and 200 million vaccinations got Americans out of their homes and back to work.” Biden said.
Economics expert bursts Joe Biden's bubble over job creation claims: 'Hasn’t added one single job' https://t.co/7YKArElgyf
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However, many economics experts disagreed with the president claiming that the Biden COVID-stimulus package worsened the inflation.
DP chief economist Nela Richardson, Richardson explained that Biden is not responsible for adding “one single job” from the “high-water mark” under then-President Donald Trump in 2019 before the COVID pandemic.
The economy — and this is an important point — hasn’t added one single job from the 2019 high-water mark. Not one. All the jobs that we have seen gained are recovered jobs that were lost. We’re not yet producing new jobs,” Richardson explained. “In fact, we’re still about nearly 4 million jobs short. So, these wage gains are coming on top of a shrinking workforce, and it’s not being fueled by productivity enhancements.” Richardson declared.
